Stocks to keep an eye on today: Nestle India, RailTel Corp, DLF, KEC Intl



News24

LAST UPDATED: March 1, 2021, 1:37 p.m.

New Delhi (Anish Yande): Indian stock exchanges are at an incline on Monday. Sensex inclined at a rate of 1.29 percent on Monday’s trading session, to 49,732.60. The benchmark index increased by more than 600 points. The markets are at an incline after a decline in previous sessions. Sensex declined to 49,115 at the previous close on Friday.

Nifty 50 has inclined at 190 points, with an increase of 1.35 percent to 14,725.

Nestle India:

Nestle has plans to reach around 1.2 lakh villages in a recent company meet. The leading FMCG company would be targetting the rapidly growing rural markets of India. Innovation would be the focus of the company’s growth strategy. The FMCG major is looking for opportunities to expand its portfolio. Nestle would be expanding distribution in rural markets and develop new products to drive growth. 

RailTel Corp:

RailTel Corporation of India would be commencing work on work orders assigned by the Ministry of Railways. The company has been assigned work orders of Rs 105.82 by the Ministry.

The state-owned telecom company would be upgrading signaling instruments from Std. I to Std. II R for an amount of Rs 30.37 crore. The company would be replacing the mechanical signaling equipment at stations for an amount of Rs 50.66 crore.

The company has stated that the required period for completion of the works is 18 months.

DLF:

DLF is planning to raise up to Rs 395 crores through an issue of debentures. According to a regulatory filing by DLF, the company has informed that a meeting of the board of directors would be held on March 3 for discussion of the raising funds. 

READ ALSO :  Realme X7 launch date confirmed: Everything to know about Realme device here

KEC International: 

KEC International has secured orders of Rs 963 crores for Transmission & Distribution projects. The company’s T & D branch would be undertaking projects in the Middle East and African regions. The company’s Railway arm has secured an order of Rs 113 crore as well and the civil arm has secured an order of Rs 64 crores for infrastructure. 

Image Credit: Google



Source link

Leave a Comment